Crudeoil is bearish for medium-long term .Currently
Crudeoil is in strong downtrend but volume is unsatisfactory The open interest
is not increasing with trend . Noting point is selling at lower levels seems
decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now
trading in oversold level. The oscillator is showing BUY signal For short term
Crudeoil is in HOLD SHORT position.Positionally Immediate support for
Crudeoil is 4905.Resistance for the Crudeoil is 5010-5013-5028-5077-5108-5146-
Short
term and Intraday Level of CRUDEOIL
Currently Crudeoil is in HOLD LONG position In short term Crudeoil is in strong up
trend so hold with stop at 4962 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 5034.4 with a stop at 4944.9 Below 4921.7 go for sell with stop at 5011.2
Intraday Resistance of CRUDEOIL are 5010.4/5037.3/5070/5088.8/5124.5/5160.4
Intraday Support of CRUDEOIL are 4945.6/4918.7/4877/4842.2/4807.4
Intraday Trend- Buy is advised above 5034.4 with a stop at 4944.9 Below 4921.7 go for sell with stop at 5011.2
Intraday Resistance of CRUDEOIL are 5010.4/5037.3/5070/5088.8/5124.5/5160.4
Intraday Support of CRUDEOIL are 4945.6/4918.7/4877/4842.2/4807.4
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